EX-12 3 form10q033106ex12.htm

EXHIBIT 12

BellSouth Corporation

Computation Of Earnings To Fixed Charges

(Dollars In Millions)

 

 

 

For the Three Months Ended

March 31,

 

2005

2006

Earnings

 

 

 

 

 

Income from continuing operations before provision for income taxes, minority interest, discontinued operations, and cumulative effect of accounting change

$ 1,037

$ 1,161

 

 

 

Equity in (earnings) losses of unconsolidated affiliates

80

(139)

 

 

 

Portion of rental expense representative of interest factor

27

28

 

 

 

Distributed income of equity affiliates

 

 

 

Interest expense

291

279

 

 

 

Income, as adjusted

$ 1,435

$ 1,329

 

 

 

Fixed Charges

 

 

 

 

 

Interest expense

$ 291

$ 279

 

 

 

Interest capitalized

2

3

 

 

 

Portion of rental expense representative of interest factor

27

28

 

 

 

Fixed Charges

$ 320

$ 310

 

 

 

Ratio of Earnings to Fixed Charges

4.48

4.29